Market. He is a bottom up fundamentalist. He is not as much focused on the macro. Small caps have underperformed so far this year. They often are not as big a dividend payer. People are pushing up valuations of REITs and utilities. The energy stocks are not doing better as you would think they would do on a day like today. There are a few mining stocks that have done well. As gold prices move up in US$, they are moving up much faster in Canada because of currency. He thinks there is better opportunity in the small cap space in gold.

It has really been crushed since the big financing on the stock. Now is probably the time to buy it. They had a lot of operational problems in their mine, but they have turned over the management team yet the stock continues to go down. He started to buy at $0.45. He would hold on. Don't sell.

It is a very strong earnings growth company at a very low growth multiple. It is a lender of almost last resort and have done a good job of making loan losses not too high. It is not that liquid. But he has not problem with the story.

It has been a stellar performer. He exited it and then it went higher. People give them the benefit of the doubt in terms of acquisitions they may make.

He likes the story. It is not that big of a company. It would be hard for him to buy enough of it. They have not done that badly because they have not diluted much. Hold it if you have it.

It has done well and just came off of its highs. They were not able to file their financials on time. He would like to see bigger contracts awarded to them this year.

It had been a market darling. The last number of quarters have not been great and it sold off over 6 months. Now they acquired a UK company and the stock is acting well. The acquisition has lower margins than they do so the stock could come down. He would continue to hold it and hopefully they come out with better earnings over the next couple of years.

They did a good job of getting the private equity guys out of it so there was lots for individual investors. They are gearing up for a better second half.

He has held in the past. It is not very liquid. They paid a number of special dividends and the yield is 4%. You have done quite well and the management team still owns 45%. Maybe this company gets sold at some point.

He exited this story and is not going back to it because of structural problems. But it has gone up since then.

(A Top Pick Jun 13/18, Down 3%) He still likes this story. They guided to a much better second half. He likes the management team. About 16.5 times earnings.

(A Top Pick Jun 13/18, Down 60%) In the last 6 to 8 weeks oil names have been decimated. The management team spent more on acquisitions than people thought. You don’t want doubt when owning any of these companies, so people exited, and now it has ramped back up in production.

It hit a 52 week high recently. They used to under promise and over deliver and then after that they kept missing their quarters. You have to pick your spots for these energy names.